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tv   Cavuto Coast to Coast  FOX Business  May 26, 2017 12:00pm-2:01pm EDT

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charles: the dow couldn't do it. it tried on several attempts to get in the green. nevertheless we have a few hours left. neil cavuto takes it away. neil: i'm surprised, charles, on hillary clinton speaking at wellesley. i had a bet here if any conserve students walked out on her and shouted at her how much media coverage would that get? charles: not that it would happen, if it happened it would be biggest news story of the rear but it is not going to happen. neil: that would be a youtube moment. but again, we're not holding our breath. thanks, buddy, have a wonderful weekend, not only focusing on hillary clinton speaking on wells sy crowd, wellesley crowd
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and despite people snickering yesterday, talking about dealing with extremism an. we have world news report contributor ashley pratte. they agree on the terrorism and extremism thing. they do not agree on the means to pay for it, contributing members in good standing to nato. only five of the 28 nations are, which is something that the something the president was bee bemoaning yesterday. where do you see the conservative agreement going, if only five of the 28 member nations are paying in good stead? >> i think that is a significant issue. i'm glad president trump addressed that yesterday. member countries have to maintain their fair share. protecting countries all over the world from extremism and terrorism, what we've seen in the sad tragedy happening out of manchester. in that point, it should be a
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joint effort. the u.s. should not take on the burden with five other countries taking on it. as the precedent of the united states of america and good first step, hopefully trying to remedy such as that. what i don't want to see republican leaders calling or the countries deadbeats or any of that. there needs to be real joint effort, of everybody to come together to start pitching in. neil: they're not. again, you're right. the fact that they are deadbeats shouldn't be an issue for the time being. chuck nash, the one thing i am worried about here this proclamation or agreement which they all say we really don't want to let terrorism go or dismiss extremism, fine. that is like saying you're all for love and peace and understanding. great, but what do you want to hear and have you heard it? >> well talk is cheap, neil. what do we need to see, what are they going to do about it.
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just as early as yesterday, you had the italian delegation pushing back against the american delegation, to get more involved in taking more of the immigrants that europe is dealing with into the united states, and they wanted to folk consist on finding permanent housing for all of these immigrants as opposed to fighting the terrorism and getting control of the borders which is the u.s. position. neil: italy could be setting an example there, but it is not. i found that a little rich. >> absolutely. italy has been inundated with immigrants from sub-saharan africa. so it's a major program. they have to get their arms around it. maybe we look back on this later as a good first step but there has to be action, not just the typical nato which we used to joke, stood for no action, talk only. neil: maggie thatcher, she was
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famous for sort of shaking the european community, not called such at the time, to, to its basic dna. what are we going to do? how aggressively are we going to go after tyrants and bad guys? this is long before the age of terror, obviously at the time of ira attacks, i understand. who is that leader today. when the groups gather, who is fulfilling that role? >> that's a very good question. the g7 is talking and statements coming out of sicily today, they don't really matter that much in real terms. they're largely symbolic and i think in most of europe i think you do have a culture of appeasement towards dictatorial regimes. you have a culture of doing basically little at all to confront islamist terrorism. i think yesterday donald trump was right to throw down the gauntlet to nato allies in
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brussels urging them to vest more in their own defenses. that is very important signal to be sending to europe because far too long, european countries have not been spending as much as they need to do on their defense. they have not been honoring commitments agreed to. and i think that they need to hear this strong message coming from washington. having said that, i do think that it is important that the united states, president trump in particular, send a very clear message that the free world will stand up not only to isis but also to russia as well. that was largely missing i think from the brussels mini-summit yesterday. it is vitally important the free world unites together in the face of russian aggression, warn the russians they're playing with fire seek to threaten baltic states or eastern europe. neil: the fact that the president didn't do that, ashley raised eyebrows. what did you think. >> certainly did. going back to what we were
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discussing is a great first step. i think a lot of things weren't address. i think going into this donald trump was facing a lot of tension, let's put it that way, given the fact he has been tough on idea of migration and immigrants coming into the country. he has been really difficult all of that. just given the kind of enlightenment we've seen around all of russian hacking and probing and investigations here out of our own news cycle, maybe exact reason as to why he didn't stand up to that. i'm not entirely. i do think before this trip he was plagued with a lot of that as well as kushner is being investigated this is something he wants to steer clear from. i think it would have sent a strong message as he said that and taken a lot of spotlight off of it. neil: captain, depends who you talk to about the trip, it is not over yet, this will be the one that roiled the british, not
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only terror attack and details of that leaked out courtesy some agencies within the united states, we don't know, but i am wondering here whether europe gets more than we about leaks and they're important to track down? the substance of them is one thing but who keeps doing it is quite another. do you think that, that was addressed and that people in this country picked up on it or no? >> will, you know, if you look back into british history and get cambridge spies, the brits have more than their share of leakers. neil: right. >> in fact, spies. so, you know, people who live in glass houses, that is applicable here. but what you're seeing here in the u.s. administration unfortunately is an embedded bureaucracy, a cap -- cabal intentionally trying to undermined this president and in doing so undermining national security. we can't look at this by a
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purely political play by these people. we have to look at the second and third order effects of this which are damaging to our national security. neil: thank you all. speaking of the whole terror incident, british police fear that the manchester suicide bomber, made a second bomb and given it to extremists. connell mcshane with details. reporter: that is one of the troubling developments made here, there are more arrests but more to your point, more concerns raised another bomb potentially is out there. first of all a ninth arrest in connection with the manchester investigation following bombing monday night, outside of ariana grande concert. investigators believe the 22-year-old salman abedi was part of a larger network of terrorists. there doesn't seem to be much doubt about that. their father and younger brother detained in libya. the older brother is in manchester. that brother in libya, he and the bomber, salman, may have spoken on the phone just minutes before the attack.
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the brother though claims he didn't know with or where the bomb would go off when he has been questioned about it. the police raids in and around manchester, the telegraph newspaper has the report that salman abedi could have built a is being device. then potentially passed it along to other terrorists. police found as what is described as a working bomb factory, that is what they called it at his home. a huge stash of explosives and the like. abed did i said to gone to libya, 19 april, leaving there, 17th of may. according to his family he was going to saudi arabia on a pilgrimage. but he was headed back home to the uk to carry out the at tack that killed 22 people. ninth arrest and report there could be another device. neil, back to you. neil: connell, thank you, very, very much. when we talk about probes and links to trump administration to the trump candidacy even before
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the election apparently snaring one jared kushner, we're told under scrutiny in this probe, after this. ♪ there's nothing traditional about my small business so when
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neil: we're still following hillary clinton speaking at wellesley, a group of conservatives, a large
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consortium at wellesley, start walking off or throwing spitballs at her. that is not materialized yet. i will predict this, if it were to happen, it would go wall-to-wall media coverage, and any dust-ups we see elsewhere, not so much. but again safe to say, that the odds of that happening are like me popping up first on the salad bar line. but we'll watch. you could always be surprised. meanwhile the fbi is looking into jared kushner's potential roll with the russians, particularly at december meeting with the russians. former senior campaign advisor to barack obama and a conservative union chairman. they are important in this respect, matt, the president already has been elected. he is the president-elect, on his way to the white house, and kushner was already serving a very high-functioning advisory role, sort of setting the
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landscape for his father-in-law, assuming that office, so how big of a deal is this? >> you know, you used the word focus, neil. in all the reporting that is really what this is. i don't think it is any shock when you think about it that the fbi is going to investigate the activities between all of trump's senior advisors and russia. and the fact that jared kushner would actually have a meeting in december, that would be made public, i think it almost exonerates any activity, if he was doing something untoward, he would be a lot more sneaky about it than having a meeting like this. neil: to that point, dan, we're getting in to us here, john roberts, white house correspondent, investigators may be interested in speaking with kushner about meetings he had with foreign representatives including those are russia, sources close to kushner say neither he or his representatives have been contacted by authorities. there is a lot we don't know. where do you see all this going
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right now and leaking that is involved? >> sure that is very good point, neil. we don't know exactly what they're looking at. could be september meetings or meetings from the prior spring. we do know russia historically, seems like in this case. neil: intentionally tried to meddle with the election. that doesn't necessarily mean the trump folks including kushner were complicit. first step of the investigation what was russia trying to do? process of determining that, find out other actions from u.s. campaigns or government officials either inadvertently or aided in that effort. the concerning part for investigators there is pattern of repeated omissions on the part of the trump administration. kushner, attorney general sessions, obviously michael flynn, keep forget about these meetings and important documents like security clearances. that doesn't prove built but raises suspicions and lots of questions. neil: i would ask, matt, why would they ask the chief counsel, former fbi director
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mueller proceed with that? i understand if leaks come out you feel almost obliged to respond to them as this develops. >> sure. neil: they're sort of like fighting a one-armed paper hanger, the administration, white house and intelligence agencies are leaking like a sieve here. i'm wondering it if will affect this investigation. first to matt, then dan, i will go to you. >> first of all these leaks are disconcerting. they're sending a terrible message to people overseas. it is unfair if you're the person being investigated. i worked in the white house around investigations. it is incredibly stressful. it investigators are leaking on you. i actually think jared kushner's legal team did the right thing. he has nothing to hide. he willfully cooperate. as far as these materials that were turned in as you go through this onerous background check to
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work in the white house, they all followed counsel's advice. there are legal infractions if you lie if anybody did lie we'll all know about it. neil: originally general flynn did not. >> but he is not on the staff, right? president did the right thing, as soon as he was made aware of those problems he separated with general flynn. if you look all this deal comes down to one kind of silly thing, the russians somehow needed the trump campaign to figure out how to hack our election. i think they did try to hack. maybe they were successful in infiltrating. they didn't need any help to do it. they do this every day of the year. neil: dan, you as campaign advisor to president obama, so a hand who had some success there, do you think that when hillary clinton who is speaking at wellesley right now, talks about leading the resistance or other democrats who simply can't let it get out of their stuck craw that she lost the election, that there is a risk of a pile-on here, and a risk of obestin
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nancy here? >> basic point i make democrats are ill-served rehashing the election, whether bernie versus hillary or hillary versus trump. injecting enthusiasm into the base, having a common mission to protect our values and articulate a contrast is important and vital. served the tea party well in 2010. neil: not you particularly, but wasn't that disparaged by democrats, resistance movement, tea partiers, wouldn't entertain cooperating working with the administration? >> sure. neil: it just seems a little hypocritical? >> look, i think there is big debate happening in this country. it's a fight i think for some of the values we hold. i don't see any problem with people who see the leaks in russia, the decision to kick 23 million people off of health care over the next 10 years, the dramatic budget cuts to the epa at 31%, pulling out of paris
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climate agreement, these are vital things the american people care about. the fact that we have thousands, millions of people in the streets in town halls protesting is sign enthusiasm is up on democratic side. political point, neil i think that could a problem for republicans in 2018. neil: could look for them that they're sore losers, right, matt? >> here is the thing about hillary clinton she needs to learn how to paint or get a hobby. she needs to move on. you're right the tea party movement happened, it was grassroots. it wasn't led by former like led by barack obama. hillary clinton, mitt romney went away. that is what they need to understand. as a person, political leader when you lose, i'm sure hillary clinton feels terrible about losing to donald trump. i'm sure she thinks about it all the time, you have got to move on. got to be a better person. like she needs campaign counseling. neil: well, she might be getting that crowd that is very receptive to her as wellesley, her all mamater, still speaking.
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there have been no conservative protests. we have not found a single conservative at wellesley either. you just don't know. thank you very, very much. >> thank you. neil: a sign republicans may not fear despite all of this surrounding drama, that montana republican greg giantforte ended up winning despite the whole body slamming. the whole talk of trump hurting republicans is overblown? he won by 7 points. i don't know what the expectations were, dan, with washington free he beacon but did you get a sense that there were some vulnerabilities picked up there, and in this atlanta race where the democrat opened up a 7-point lead so it is not over yet? >> in a way maybe he should have done a little bit better. president trump won the state by 20 points. there was room for improvement, absolutely. both candidates were very flawed. we heard about the republican's flaws, that is very serious flaw. the democrat candidate had
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really serious issues as well that i think got a lot of focus in the state and elsewhere. overall pretty good news for president trump. i say that because the democratic agenda at this moment is to he oppose everything that trump does, and yet, this candidate, this republican won. i think a lot of voters are looking at him saying i'm still willing to give president trump a chance to do something an do something well. and i you think that is good news overall. i don't know how long that lasts. you can see a little bit of erosion in the support, but overall it is much better for him than obviously any other alternative at this moment. neil: dan, one thing i don't understand. i understand the conundrum that donald trump, in fact entire white house senior staff is in addressing all the russian leaks that keep coming out. there is fear president tweets about it lives on but questions still come up at press conferences based on leaks, whose source we still don't know. and obviously that the best
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message of the president gets is wait until this smaller investigation is done. it could take a year, year-and-a-half, don't say or tweet anything in the interim. that is stuff to do every day when there is a new leak. so what is is the white house to do? >> i think the white house, as you say should just say we're not answering anything until the investigation is complete. buy then some time. it's a cancer on the administration. presumably it will be somewhat hurtful and has been at this moment. more than that really preventing administration getting much done in congress because their focus is on defense and not able to go on offense. neil: go all along, dan, to stop the agenda, to get everyone sidetracked, suck the administration in or president himself into a tweet storm, they are framing debate, framing constant doubts and questions arise every single day with every single new leak, they can't just sit on their hands, can they? >> i think they can. i think -- neil: okay.
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>> as much as, as much as they can try to do it. obviously there will be some limitation to it. but i think they can try to say, look we're not answering to it. we'll only talk about health care tax reform today. you can frame event around that. look, president trump, he has been gone on this world tour for the last week. he is really just focused on the world tour. obviously more reports, have come out and there will be more challenges. neil: all right. >> but he is able to focus on his agenda. i think we're seeing real disconnect obviously between these reports on this russia collusion and what not and what voters think. you see it in wyoming. they're not really holding it against these people. maybe there is slight erosion and maybe he should have done better. voters say we'll give president trump a chance and his agenda a chance. neil: dan, good to see you. daniel halprin, "washington free beacon" editor. hillary clinton wrapped up her speech at wellesley. i hope you're sitting down from
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this "fox business alert," getting a standing ovation. there was a hunt for any conservative at wellesley. so far we're not turning up any, not a single protest or boo or comment. we're trying to find out whether someone texted something nasty. that appears not to be the case. returning to her alma mater saying she is leading a resistance movement, that is still the case. that fight goes on but, no conservative outcry, no one walking out of the room. but again we might have missed something. we thought we would keep you posted on that because institution of higher learning apparently tips left. a little more after this. are allergies holding you back? break through your allergies. try new flonase sensimist allergy relief instead of allergy pills. it's more complete allergy relief in a gentle mist experience you'll barely feel. using unique mistpro technology, new flonase sensimist delivers a gentle mist to help block six key inflammatory substances that cause your symptoms. most allergy pills only block one. and six is greater than one.
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>> now it is time for our generation to he define a new social contract. we should explore ideas like universal basic income to make sure everyone has a cushion to try new ideas. neil: all right. universal cushion, it sound to
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me like one of the richest men on the planet, founder of facebook is saying, some sort of guaranteed iome, something from the united states government to get you a head start. devil in the details. namely who is paying for that. former u.s. comptroller david walker calls this socialism on steroids. not a keen believer what he is trying to do here. what do you think? >> it does sound like socialism on steroids. how much is he talking about? how are which going to pay for it. we do have social safety net programs with medicaid, disability insurance, with regard to housing a lot of other things. they cost a lot of money. frankly they need to be reformed because there is a lot of abuse for those programs. we discourage work. we discourage marriage, et cetera. i have got to believe what he is talking about would at least be at the poverty level. as you know, neil, our country was founded upon individual
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liberty and opportunity. it was not founded on socialism and entitlements. you know, if anything we promised toouch and we need to restructure. neil: he has said in the past, i know, zuckerberg, he would not mind paying more in taxes if you're worth billions of dollars, that is a position you would take. but, he has left out the, how you pay for this, but presumably through higher taxes. i'm sure he would not want to cut it out of any programs of sort. let me ask you a little bit about that. that has come up with democratic criticism of a trump budget, that says it goes after crucial entitlement, like medicaid, even though it just slows the growth of them. it hardly reverses it. but there is little appetite for cutting spending but certainly on the left, a lot more appetite for raising taxes. and i'm wondering, is there a middle ground here, or no? >> well i think there is.
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i mean the fact of the matter is, we need comprehensive tax reform that is pro-growth, that will be simpler, that will be fairer, we need that, all right? we also need to separate the wheat from the chaff between which discretionary spending programs are working and which aren't. the gao, i used to head, the government accountability office identified duplication, redundancy, overlap we need to deal with. not all programs frankly achieve their objectives. we need to reform the mandatory spending programs. yes, the president is talking about reforming medicaid. he is talking about reforming a number of other social safety net programs. but he is not talking about reforming medicare and the old age survivors insurance program of social security which ultimately we'll have to do. one ray of hope, problem solvers
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caucus, 40 members in the house, equally divided between republicans and democrats, have come together to work together with the leadership in congress to push tax reform and infrastructure. i think that is an opportunity to bring republicans together on pro-growth, simplified tax reform, and on, on infrastructure investment that makes economic sense. both of which can help create more job opportunities for americans. neil: now, i am of the view, this is my personal opinion, dave, i don't know in your case, that tax hikes rarely generate the revenue they want. just the opposite. in connecticut where you're running for governor right now, governor malloy found out a tax on the rich, a wealth tax, if you will has not turned up nearly the revenue, in fact quite the opposite, less revenue from that very crowd than he had hoped. they're tapped out on tapping the rich. what lessons are we to learn from that? i've seen this happen in new jersey. i've seen variations in
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new york. i mean, it's not the first time we've seen this but what do you make of it? >> connecticut has gone from a top five state both with regard to attractiveness and competitiveness, to a bottom five state in the 30 years. grown too big, promised to too much. let's tax the rich, let's tax the rich, whether on income taxes, estate taxes, gift taxes and here is what is happening. connecticut is the only state in the union that has declining population. the people of wealth and influence who give more to charities are leaving. and the people who are coming to connecticut are unduly dependent upon very generous and poorly-managed welfare programs. seeking sanctuary from safe haven cities. that is not a prescription for prosperity. what i hope to do is turn that around, not only to help create a better future in connecticut but to show or the troubled states what to do.
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frankly to wake up washington how you have to engage the public with the facts, truth and tough choices in order to create a better future. neil: david walker, form u.s. comptroller, thank you very much. >> good to be with you, neil. good to see you. neil: as david and i were speak, interesting development passed along from john roberts, white house correspondent, house of government ethics which seems a bit of a oxymoron. anyway they're responding to a cbs news story that the office is looking into three potential leakers, people identified by the white house as leakers, whether they come from the white house directly, it could feed a narrative that has been building, certainly complain building from president trump himself that there are leakers everywhere including at white house itself, maybe feeding the media beast here. but the relevant part of the cbs story is that cbs news confirmed from two sources that three leakers of classified information at the white house have indeed been identified and
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are going through a process at the office of government ethics which will result in their firing. but, this same office has given fox news a statement that the information contained in this cbs report are not true. that it is not involved in anything like that. depends who you believe. this is part of an ongoing argument, who the hell is leaking all of this stuff. you heard stories of four or five people in a room. the president would be among them. obviously reince priebus would be there. sometimes sean spicer, a couple of other people, if you buy that the potential legitimate excuse that the top three weren't leaking, then what were the other two doing? they are trying to isolate this. they are coming up with apparently three potential white house names. again, report is being shot down but it does show that they're trying to get to the bottom of these leaks and who is leaking. apparently at the white house, potentially. after this. ♪
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neil: loose last -- las vegas is on high alert over isis propaganda. we don't know when the video was made. could be back in 2015. it is scary stuff and cases the city, what might be susceptible to an attack. to retired cia operations officer. sam, what do you make of this, i don't know how it came to life but it is out there. we don't show propaganda videos t goes through a run of the city and what is vulnerable which seems to be much of the city. what do you think? >> i think the unfortunate truth is, neil, if you want to know what these guys are going to do, just listen. they tell you all the time. when you think it is completely over the top, you can't be serious, the fact of the matter, yeah, they are serious. it's a credible threat and we absolutely ought to be worried about it. neil: in the case of vegas, the allure there, it is such a
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frequently-traveled city, a well-known city. it is not heavily-guarded or locked down city, but because of that, what should those in that area be doing right now? you get these threats like you say, quite often, so this obviously risen to the point of being a little bit more of a concern, maybe in light of what happened in manchester this week but what do you think? >> sounds to me like the city is doing what they should be doing. they have been talking for some time about adding a whole bunch more police officers. that is a great idea. the unfortunately truth is, that what we really need to be doing is heading the threats off before they materialize, not looking to defend the strip once it is attacked. that really comes down to intelligence and largely that is really a federal matter. that is not las vegas going to do that. neil: let me ask you, post what happened in england and the fact they're looking for potentially a second bomb which might
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explain why they upped level to critical, highest fear an attack could be imminent what is going on here and what drives authorities to that type of worry? it can't be just on even thoughts of a possible second weapon but what does it? >> what happens, we're in a cycle where we have an attack. then all of a you sudden we realize typically there are whole bunch of things we should have taken much more seriously. we start frantically digging. we have done the same thing here in the states. all of sudden we have six, seven, eight guys out there, we don't know where they are, what they are up to. now we're chasing the cycle. this is what i mean, by answer to this is get ahead of the curve, to take the guys off the street before they kill people, not be in this mode. neil: sam, thank you very much. enjoy your expertise. sam faddis, retired cia officer.
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look at the dow, not budging that much. in or out of a gain of a point or two. the real action and drama developing in the technology world which is the market leader since you donald trump was first elected. amazon and alphabet racing to $1000 a share. they're both so closely priced right now, closing in on one thousand dollars a share. microsoft was in and out of 70 bucks a share, all-time high for that issue. technology still rules the day. more after this. my business was built with passion... but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. with it, i earn unlimited 2% cash back on all of my purchasing. and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... which adds fuel to my bottom line.
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neil: all right. amazon and alphabet, two technology giants racing to $1000. that is for one share of the stock. they both had an incredible run. about the same trajectory. tracee carrasco on what is going on here? tracee? reporter: neil, priceline is the only other stock in the s&p 500 that has a share price in quadruple digits? will it be amazon. amazon came within one dollar at $999.
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google, parent alphabet hit high of $995. google is up 25%. amazon's stocks price reglobings the company's growth and dominance in online retail and cloud business and new brick-and-mortar stores. vast majority of google comes from the core advertising business but the company is thriving in new product categories like cloud service, going billion play store and hardware products. investors boosted many tech stocks to all-time highs since the election, despite opposition from trump's. neil? neil: yeah they're both loathe to do that sort of thing for the time-being. we'll see. tracee, thank you very, very much. markets are near these record highs even with this in and out kind of blase movement here. volume is very, very low today, not surprising before a three-day holiday weekend.
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to john has max ferris and tim evans. what about race if there is one going on here, how significant is one getting to 1000 before the other? >> well, i mean it is significant from a psychological standpoint. i mean that ultimately what set the tone and give bulls in the market confidence as we come out of the extended holiday break in the next week. hopefully keep the bid going in the markets. neil: we mentioned briefly there, jonas, this notion, one or both issues should they split, that helps retail investors come in. some are happy to do that. others are loathe to do that. warren buffett has that in mind with berkshire hathaway. what is the up or downside to a split. >> it is often done to humor investors. less relevant as a strategy today you can trade shares for no commission. if not, fractional shares with online brokers that is still a
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huge component. one of the -- what you see in the market is individual investor or irrational exuberance or animal spirits, schwab says more accnts since 99 robin hood is day trading for millenials with margin accounts. they get to borrow cheaply, trade stocks no commission. it is very easy to use app. it is hard to get young people into the market. now they're basically speculating between the crypto currencies which there is about a 10, multibillion-dollar valuations. i see some scary enthusiasm. this is not about trump anymore. that kind of rally petered out in march about the tax cuts. these tech companies didn't get a bid because they would benefit the most from tax reform because they're the ones keeping all the money abroad, that is falling apart. stock market got weak. now it is back up again. now it is more investor optimism at this point. neil: i wonder if that is true,
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i don't doubt this, jonas, i heard similar sentiment maybe this isn't driven by the hope for, eager for tax cuts and the like, that this will market will continue climbing without that. i can't imagine that but you're closer to this fire than i am. if that falls through, tax cut falls through this years i can't imagine the market would correct, what about you? >> there are a lot of different explanations why we could have where we are currently in the market. you can't get away from the fact that the current levels that we've achieved are in part at least, due to the expectations that these pro-growth or this pro-growth agenda from the trump administration is ultimately going to get pushed through congress and signed into law. if that does not happen, the market should receive that negatively. you know, i think the kind of movement we're seeing this week, i think the market is mispricing risk. you know, given the risk, and
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all issues that the trump administration is currently going through, my view is that we should have seen a little more downside than we saw, an recovery shouldn't have been as quick. so, you know, i think really what we're dealing with a market again. i think we have excess liquidity in the market. type of market movements you get we saw last week, we briefly broke and immediately rallied. there was no change in fundamental news or anything that, would really change investor sentiment. so, you know, i think that, excessive liquidity is continuing to drive this market, and by and large it will continue to until the fed, you know, i think it's a little more clear in terms of the timeline we can expect to see that balance sheet wound down a little bit. neil: i share the same concerns which probably means you should run the other way, tim. jonas, the one thing i wonder about is, let's say tax cuts don't come to fruition, let's say more leaks come out, whether fair or accurate or even close
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to reality on this whole russia thing, the more damaged goods potentially the president looks like, i can not imagine that being good for stocks but again this market has climbed this wall of worry and president certainly has bounced back from other, you know, dilemmas, but i would imagine that would be hard to ignore? >> it is not good for stocks but let's not forget the rally wasn't just about getting tax cuts. it was about not getting more tax increases and more regulations. neil: that is a good point. >> market like everybody else was expecting hillary to win. that was a promise for higher tax rates on to pay for more -- neil: at very least, that is not not cards? >> that is probably 1000 point right there. whether trump gets anything approved significant on long-term basis might only be a few thousand points. the benefit of the tax cut from trump is petering away to general enthusiasm with the market. that is a dangerous situation in itself but will not fall apart not getting a tax package plan
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passed this year. neil: gentlemen, thank you both. hope you have a very safe, happy memorial weekend. meantime here, dow not doing much anything. volume is very light today. you have big swings, not unusual before a holiday weekend. of course the memorial day week technology is very much on fire. that remains the case. there is another school of thought that involves the federal reserve on this, it will be less inclined in slower growth environment to hike rates as many times. we'll get an inkling of that maybe next month, what is expected to hike short-term lending rates. that is far from a given here. if you contain or hold back on rate increases, that may be the inflationary threat and all the other concerns of wall street could potentially have, we'll ease up, and slowdown will take over. who knows. we'll have more after this.
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neil: g7 leaders signing a declaration against terrorism and extremism, not so much agreement on things like climate change. blake berman in the middle of it all. >> reporter: terrorism dominating a big portion of the g7 summit, the race forward and how to go about it. the conference call ongoing we were listening to with senior administration official that the white house but they brought up
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two main points among the meeting. they say a lot of discussion talked about the need to cut off financing for the terrorists, to take away that foul from the terrorists but the senior administration official saying a lot of the talks have centered around the nations among themselves communicating better so they can get better among themselves as relates to counterterrorism. the declaration you talked about with find a little while ago. teresa may talking about some of that at the declaration signing. >> thank you to all around the table for the support you have shown to the united kingdom in the face of this absolutely horrific attack that took place. it is important leaders we have shown our fierce determination to ensure that we use every tool to fight against trori and
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protect our people. >> reporter: to that end all sides agree. to the surprise of nobody the big debate has surrounded the paris climate agreement. here is what we know from the white house, the president is going to wait until after these meetings to decide of the 2015 agreement, if the us will stay in it or pull out or if there will be a modification. leaders especially european leaders have been trying to get donald trump to stay in this agreement making the argument they feel he should stay in. senior it ministration officials say the president cares about the environment, he wants to see the way forward with that but also campaigns on job creation and doesn't want to see regulations get in the way of job creation. terry cohen, top economic advisor to the president described the mindset this way saying, quote, in the us there is very strong opinions on both sides but he, meaning the president, knows paris has important meaning for many european leaders and he wants to clearly hear what the european
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leaders have to say. on this call senior administration officials would not commit to there being some sort of statement, some agreement at the end of this as it relates to the paris climate agreement. still wait and see on that end. neil: you do great work but i don't think you are doing any work now because when you would have one more stunning backdrop after another and wednesday, i remember the one in jerusalem, then adding insult to injury, you rubbed it in our faces on monday -- >> a stunning site behind us, quite the scene in jerusalem. that is the king david hotel where donald trump and benjamin and yao, meetinght now absolutely spectacular evening
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here in jerusalem. neil: the shot behind you is stunning. it was not and is not now a green screen. these backdrops, do you pick them out, how does it go? >> and that is the tough stuff. and the food has been great. jerusalem going to the wall, and got to put a note in it. we go home tomorrow. we got to clean the dishes. neil: i remember my first live report from the poconos, brings back great memories.
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great job. >> thanks. i was going to say you start in the poconos, i start in wichita falls. neil: you advanced to italy. remarkable backdrops. the backdrop, a lot of tension at the g7, ashley webster, the real truth is finding out the president of the united states is an acquired taste. he doesn't seem to care but the snickering yesterday when talking about nato members playing -- paying their dues, he didn't seem to trifle with that he laid it out. >> i thought he would comment on my background. neil: i can't even begin with the great places you on.
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ashley: i love watching donald trump going into the lions den, all the euro leaders standing in line like guilty little schoolchildren as he read them the riot act why aren't they paying their bills. that was excellent and they want to snigger because they realized he is right and a nervously sniggered. as to the climate control, climate control, that is funny. as for climate change, watching blake's report, the g7 put out a declaration against terrorism and extremism, why haven't they done that years ago, are they worrying what is going on? why do we now get a declaration on this? it is a little after-the-fact. >> one thing i am wondering about residual damage, karl rove was questioning my questioning
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the snickering going on saying you don't do that at a speech, three prior presidents tried to do tt with other nato members, could you share this burden? this president felt compelled to say on the world stage i will do it. >> absolutely. we all really enjoyed it. i enjoyed watching him, seeing him shove somebody out of the way. doesn't take much notice of those eu politicians, you have to remember someone who champions all the way, delighted we are going to get a hard brexit, they are looking pathetic knowing many of them offended less than 1.5% of their gdp on nato which is way below spending target we have in place and america spends more than the top i don't know how many
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altogether. he has every right to stand there and every right to tell them that they are in the wrong and they can't handle the fact that america still pays american taxpayers still pay to be the global policeman. if anything those european bureaucrats should be saying thank you to donald trump and thank you for all america does on behalf of the people who are paying. neil: you might know the thinking on this, they don't like donald trump. a lot of press here, others, can't believe he won but he did. i can like him because i'm old enough to remember the reception ronald reagan got in his first year, kind of the same. little different in those days but even though he was a two term governor of california he was seen as a cowboy actor with money ideas and all of this climate issues, trees and cars,
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there was a jolly good laugh with him and right now will it change for trump? >> i don't know. he's not getting respect, he is considered chaotic and a fool that somehow won the presidency but listen to what he says, he speaks a lot of sense a special yesterday when he was chastising them. i have been watching british coverage of the terror attack in manchester and about those leaks of information by us authorities and a lot of the outlets in the uk blaming the chaotic trump campaign say you don't even have a permanent fbi director so no surprise because of donald trump this kind of stuff happens which is unfair but that is the lack of respect he gets. neil: this president is getting raked over the coals much more on this security leak that
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didn't involve him directly than barack obama did when he visited europe after we found out we were taping phone calls with angela merkel. barely a slap on the wrist. what do you make of that? >> it seems to me many of the british public, many of the people in mainstream media happy to lend the blame on trump because he seems like such an obvious -- not a politician, what would he know? obviously chaos missing the fact that what trump has inherited is special service, the fbi, the dark forces at work, they are obamas, a hole in the bottom and that is and trump's issue, he didn't make that happen. it happened because of obama and trump is man enough to stand up and say we take accountability, we take responsibility, we will
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fix this, that is music to my ears because no one in this country is saying we will fix this. we have a massive problem with terrorism come a we are under the highest warning there is, critical, our er departments were put on standby this morning to prepare for patients that haven't been hit yet, we have no one in the uk saying we will fix this. easy for the liberal left to pick on trump to address our own problems at home. neil: use a leaky bucket with a hole in the bottom, i like that. far more clout. there we go, that is enough out of you. katie, thank you very much. we are getting more on the jared kushner probe, whether he had anything to do with this russia stuff or talked to russians.
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adam shapiro with the latest on that. >> the members of, are calling for officials to suspend jared kushner's security clearance even though it appears he is not the target of the fbi investigation of the presidential election. 's lawyer, issued a public statement of it all saying mister kushner previously volunteered to share with congress what he knows about those meetings. he will do the same if contacted in connection with other inquiry. the wall street journal citing sources familiar with the investigation reports the fbi has not contacted him but kushner's meetings with russians have been scrutinized by investigators was the white house previously said jared kushner met with russians, it was part of his responsibility as a member of the transition team's main deck of contact for foreign governments. during the transition kushner met with the head of russian
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state run bank and russian ambassador, the us government imposed sanctions on the russian bank after russia seized crimea from ukraine, kushner did not know the bank was being sanctioned when he met with officials. donald trump also happens to be his father in law and i know how important backdrops are to you and i want to check out the weather and bureau is terrific. neil: right up there with the best themes out of sicily. beginning to get some ideas some of these leaks are to believed, some of that leaking is coming from the white house itself. that is how real a possibility this is after this.
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say carl, we have a question about your brokerage fees. fees? what did you have in mind? i don't know. $4.95 per trade? uhhh. and i was wondering if your brokerage offers some sort of guarantee? guarantee? where we can get our fees and commissions back if we're not happy. so can you offer me what schwab is offering? what's with all the questions? ask your broker if they're offering $4.95 online equity trades and a satisfaction guarantee. if you don't like their answer, ask again at schwab.
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neil: rex tillerson says the us is taking responsibility for these leaks that got the brits very concerned, they are careful about leaking anything to do with the manchester attack. scott dillinger joining us now. the leaks are rampant.
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now we are trying to do a way that might originate in the white house and 3 white house workers being fingered here even though the office of ethics is saying the media report isn't so. what is going on? why so many leaks? >> there are two types of leaks, one revealed office politics which seems to be a desire to embarrass the trump administration but the more severe form are those that can actually affect counterterrorist operations in the case of this manchester incident. the two main sources of leaks are white house staffers and appointed people within the white house but there's also perhaps leaks coming from the government bureaucracy in the intelligence community and elsewhere. neil: why would this be happening? the president went after
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intelligence agencies during the campaign. is the grudge for that or even worse, agencies running rogue now, and the intelligence government going on, what is it? >> one thing you have to keep in mind is obama was president for eight years which means a great deal of government bureaucrats reached professional maturity during those eight years and having worked under the obama administration, i saw politicization of the workforce so there are a lot of government bureaucrats dissatisfied with the trump agenda so there's a tendency toward leaking on occasion when they fear would embarrass the administration. neil: it is a rudderless type of intelligence system that even the commander in chief is overruled and embarrassed and targeted by his own intelligence
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agency, scary. >> it is embarrassing for the cia and intelligence community in general because if we reveal ourselves to be such a leaky ship, as testified before the senate last week, prevents the agency from working better with allies such as britain's anger for sharing manchester information and to recruit unilateral assets, a leaky ship, basically. >> cbs report is to be taken at face value, there might be isolated -- could that cut it off for fear of being exposed to stop this? >> if these people are revealed to be culpable and they are
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charged, that would serve as a good example to anyone else sitting on the fence deciding whether they should start leaking information. and congressional staffers are hardly ever punished for leaks. we need to crack down on that and you will start seeing these leaks start to ease off. neil: exposure is the greatest deterrent. now to this. a lot of this is meant to harm the president. wouldn't that be able to help those who investigate these leaks if they have interest in it to isolate who would want to
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>> and three major religions, and judaism, what he is trying to a college and counterterrorism, and talking about leaks from within, and enemy in his own camp. neil: real clear politics cofounder and was congressman paul is saying is this obsession with this stuff is getting in the way of some of the good things, and forgetting all the good under this, the markets, they raise a valid point but this is meant to distract from all of that. do you think with the latest developments, in the white house itself, and that could change,
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the leaks would start to stop. >> hard to say whether these leaks will stop or not. it comes down to whether the justice department and fbi and others really go after and start prosecuting folks leaking inside the white house, there are different factions vying for the president's attention and have interior motives but the bigger danger for the white house are the leaks out of other parts of the government and the only way to stop those is prosecute people and put them in jail. >> to get your thoughts on why this is happening, the leaks always happen in the administration, republican or democrat, these are off the charts as far as rapidity, frequency, severity. what do you think is causing it? >> the ones coming out of the white house, the white house leaked to a certain degree, it
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is leaky or than most, various factions and sort of chaotic but we haven't seen the leaking through other parts of the government. it is clear some of these folks are holdovers. this is an anti-trump holdover in the government that is engaging in a coordinated effort to undermine the president and the minimize him. that is pretty clear from the way this has played out over the last few weeks and months. neil: it is politics and hillary clinton is a democrat and not happy she lost, mentions winning the popular vote. i understand where the anger comes from, she talks about the resistance movement leading that but at a speech today she was talking about ties between this administration and its character with that of nixon. obviously linking watergate with whatever is going on here. what do you think of that?
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>> there has been a lot of talk about the current administration and watergate. there are similarities but plenty of differences. right now it is too early to tell how this will play out. neil: what other stuff doesn't play out? this is as much about disrupting that agenda of a president not seen as a rightful president to them. that is to reveal serious potential crimes. >> counterintuitively i think having bob mueller appointed a special counsel might be good for trump because if the investigation doesn't find anything that robs democrats -- neil: that investigation could go on a wild. you follow this more closely than i but if this comes up at every briefing, questions are drip drip drip and the president
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is advised, and a year and a half for that, on the other side, the critics or the leakers setting the story and stage and low opinion poll numbers in the interim. don't tweet, mister president, don't compound it, what does he do? >> trying to battle through it. the bad news is or the good news depending on your perspective, they do not believe it, anything on the washington post they dismiss completely out of hand and sticking with it. neil: backers are firmly committed and stayed that way
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but this could get away from that agenda. >> it has taken its toll already and his approval rating dropped a few points and that doesn't look, he can't continue to bleed support at the polls and the democrats are against him, always been against him and will never before him but among independents and republicans to the extent this causes support to bleed out of those groups it will be problematic for the agenda and republicans in 2018. neil: great seeing you again. you heard how they are looking at a second possible bomb somewhere in the manchester area which might fuel talk why this is heightened terror alert, something bad could be imminent. we are beginning to piece a lot of weird things together after this. ♪ predictable. the comfort in knowing where things are headed. because as we live longer... and markets continue to rise and fall... predictable is one thing you need in retirement to help protect what you've earned and ensure it lasts.
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♪ neil: all right. las vegas authorities are warning hotels, casinos and folks in the area that there is an isis video out there that suggests, suggests, the city
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could be a target. all of this as americans are getting ready to hit the road for the long memorial day weekend. nerves are already frazzled with that crowded highways of the jeff flock in chicago with all of that. hey, jeff. reporter: cloudy here, neil, a cloud of terrorism over things i guess. i talked to one guy out on memorial day trip, you know what? i'm sure we i will have a terrorist attack in this country. we have a open and free society. but i would not change a thing about it. i wouldn't change what we're doing to make our society any different. i want to celebrate the people that sacrificed for the country on memorial day. and we'll sacrifice for the country in the future. because i love this country. pursuant to that he is one of 34 million people that take to the roads this holiday we're told. that is an increase this year compared to last year. when you look at it, most people will travel by cars, they always do.
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hotwire says 67% compared to 12% that go by air. the reason for that increase this year, i think fair to say oil and gas prices, specifically gas prices, look now, gas prices little bit more last time this year. historically pretty close. we're down 2:-- 2.37 today. five-year oil chart, those who know say we will have low gas prices for the foreseeable future. we're sweet spot with u.s. chyl producers. we're expanding their operions. -- shale producers. prices are not so high that it causes gas prices. if we stay where we are right now, things might not be good for this economy going forward. neil: i always admire your reporting. i want to point out your backdrop, blake burman had sicily.
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reporter: i was afraid of that. i've got cicero, that is a lovely burb named after a great tall can statesman. neil: there are a few of those. thank you, my friend. this search going on, terror fear going on, here is what might have precipitated this higher alert in britain, the fact that they found a bomb-making equipment, and that feeds an argument advanced by no less than the american center for law and justice jay sekulow, that there had to be a group involved, not one deranged individual. he joins me now. this much we know, british authorities are alarmed to raise thing terror threat to critical, convinced this guy had accomplices. as someone steps back looking at big picture, what are you tying together.
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>> thanks for having me, neil. british authorities talking about a network, deeper than what we define as cell. in addition to a cell think may be direct ties back to al qaeda, isis, whatever sponsoring group is. if one did it actual deployment of it, took out so many people, caused so much more injury, much more sophisticated device than you see with a suicide vest in israel or other part of the world with terror attacks. the nature of the device itself. third, we can't ignore this, bothering me every time i see it. you have horrific incidents. dozens of people are killed, 60 or 70 people, severely, critically injured, aftethe fact they do round up 10 people, this guy was on a watch list this mom called in complained about the guy being radicalized, just came back from libya you nobody has been putting dots together.
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the uk has great intelligence, something amiss there in the or united states, whether omar mateen in orlando, san bernardino, fort hood, tsarnaev brothers were under surveillance or questioned by the fbi, or the individual that did the shooting, terror attack in fort lauderdale airport, told authorities he was concerned and his parents did, what is missing in the law enforcement approach here in our counterterrorism approach that we're waiting too long for these events to happen, and then we're reacting or getting too far along in planning to engage it. there are crimes being committed along the way. we have to be much more proactive. president said, drive them out of the mosques, muslim community has affirmative obligation, same in the communities, report this, stop political correctness. that is we need a whole new paradigm. neil: thank you. jay sekulow, american center for law and justice. good to see you. >> thanks, neil.
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neil: balanced budget in 10 years, you would think it would not create such a firestorm but it has. the question if we don't do it, then what? at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. you know how painful heartburn can be. for fast-acting, long-lasting relief, try doctor recommended gaviscon. it quickly neutralizes stomach acid and helps keep acid down for hours. relieve heartburn with fast- acting, long-lasting gaviscon. will you be ready when the moment turns romantic? cialis for daily use treats ed and the urinary symptoms of bph. tell your doctor about your medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess. to avoid long-term injury, get medical help right away for an erection lasting more than four hours.
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♪ >> president is trying to balance a budget. >> he is not trying to balance a budget. >> that is what he says in the budget. >> i'm sorry, he is making up numbers that do not respect the laws of arithmetic that show a balanced budget. he is not telling you what his policies are. a budget that does not include tax policies is like a business plan that does not include capital spending. neil: oh, no he didn't? that interview tonight at 8:00 p.m. on fbn. that was larry summers, former treasury secretary who i believe had built into the some of the budgets he would work on 4 1/2% growth, criticizing this
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president over 3 1/2% growth but times have changed. there is republican in the white house. house budget committee member, tom mcclintock on the debate over this. there is a lot to quibble with the math, the rational, 3% growth and all of that, congressman, but i found it a tad rich for larry summers who was famous for forecasting growth that didn't always materialize, to criticize growth substantially less than figures he was using, what did you make of that? >> just remember, larry summers was director of the national economic council during the obama years when we had the slowest economic growth in the entire postwar era. he is right about one thing, the trump budget is not an obama budget. it is however, very much a reagan budget. reagan, increased defense spending after years of neglect. at same time he restrained the growth of non-defense spending to give the economy time and room to he grow. and to enact the tax and
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regulatory relief that was necessary to produce economic growth and prosperity and result was one of the most prolonged periods of economic expansion in our country's history. this is exactly what the trump budget, what it is trying to do. neil: you know, congressman, you and i chat about this, i fault republican too because there is always resistance to put everything out there on the budget to tame its growth. you didn't cut anything, but at least slow growth of runaway programs, ironically what the president is doing with medicate. he is not cutting it, he is slowing its growth. having said that they do have the media in their favor. they do have the perception they're starving granny and her grandkids at the same time. how do you counterthat? how do you explain the numbers? even when i do, to through us why the math of this, you know, they say some very mean things about me and i'm a vulnerable person, congressman? so i'm only saying then how do you reclaim the debate?
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do we need to go back to the day of ross perot and those charts? that won over all sorts of people, but what do you think? >> exactly what we have to do. we were in a 600 billion-dollar budget deficit this year. what that means is, for an average family, we just added $4800, just this past year under your credit card balance. there is nothing theoretical about that number. you are required to pay back that number through your future taxes just assurely if it appeared on your credit card statement this month. if fact you're required to pay it back before you pay back your credit card statement. that is the direction our country has been heading. neil: can you grow your way out of that? can you grow your way out of that, sir? one of the arguments for 3% growth it would be 50% more growth than we're seeing right now, it could mean a lot more revenue and could explain why this could be balanced in 10 years? what do you think of that?
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how doable really is that? >> growth is the only solution to our problem he at this point and it is entirely achvable. even through a recession ronald reagan averaged 3 1/2% growth throughout the eight years of his administration. we saw 1 1/2% average under the obama policies. neil: we should explain, if you took those first three years out, because we were in middle of, coming out of recession, growth was averaging to 5%. but go ahead, your point is well-taken. >> it is all a question of policy. we know how to grow an economy. we did it under ronald reagan. donald trump is replicating the policies. we know how to stifle an economy. we did that under barack obama. if you reduce tax and regulatory burden inches on an economy, the economy thrives. if you increase those burdens, the economy withers and stagnates. it is not that complicated. neil: congressman, thank you very, very much. in the meantime here,
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billionaire named sucker about with a -- zuckerberg, a call for basic income. the only detail worked out, who provides the money for that? details after this.
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♪ >> every generation expands its little of equality. we have a level of equality that hurts everyone. we should explores ideas like basic universal income to make sure everyone has a cushion to try new ideas. neil: spoke at harvard. does anyone know the guys in the top hats behind them? is there significant? >> so confusing to me. neil: groundhog day with bill murray. you heard one of the world's richest man, mark zuckerberg you heard him starting out income for everybody, everybody, for a cash cushion to get going. gerri willis, jessica tarlov, "wall street journal" glen hall. glen, what is he talking about here and who would pick up the bill? >> this universal basic income is, a much ballyhooeded
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discussion about alternative welfare system instead of medicare, social security, all of that, basic income an some people would say that is more equal, everybody would get it, creates a cushion -- neil: when you become out of school, high school? we don't know? >> we don't know. depends how they would structure such a thing. another form of social ale which are or socialism in many people's books. bottom line somebody has to pay for it, absolutely. mark zuckerberg people like me. tax the rich and redistribute. that is kind of how it sounded. neil: what do you think, jess? >> that is exactly right. i'm coming from the socialist side of things. neil: let me write that down you're coming from the socialist. >> there was a technical part to his argument though in that. first of all he is also behind silicon valley and endorsing elon musk discussed it before. he is little late to the game. but he was -- neil: late to just free money to everybody? >> yes yes, free money, at least coming from him. the argument technology is going
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to make humans essentially obsolete. there was mckenzie report in 2015, 45% of the jobs could be doing be done by robots. neil: guy by uber doing it, driverless cars. >> making museumer -- making me super nervous. the idea is crazy people support the eory, want people to pursue normal job but other life pursuits or get into creative arts. >> idea that everybody has a inner poet they're waiting to release is nonsense. >> i certainly don't. i'm terrible. >> that is completely crazy. what will we give everybody $1000 or more like silicon valley where you come in with a half-baked idea? $150,000. neil: i don't know, is it a one-time deal, get the money one-time deal and gets you going? >> i think an allowance. >> annual salary above the poverty line to be basic income.
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>> right. >> everybody gets minimum poverty level, you can pursue your interests. i think that the real -- neil: does any other country do anything like this? it might? >> they have explored it in some european country. >> finland may. >> neil i don't need to talk about that on air. i am not. i am not. i read that. neil: i see, i see. but again, things we need to pay for thing, president is released a budget. numbers don't add up. we equated cuts to slow down increases for medicaid spending. nothing has been cut for medicaid. >> government can -- neil: that is what you're facing, when you want to address something like that. i mean, republicans do it as well, failing to do -- >> we can't pay for medicare or social security right now with the way the tax system works. they're running out of money. >> 59% of our total federal budget goes to these programs, right? 60%. we are not misers. we're not people who don't help people who need help, right?
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we do it all the time. whether you're poor. whether you're old. whether you're having a hard time, finding housing there is help for everybody out there but these programs are so mismanaged at that they're running out of money. wouldn't the best thing to do, wouldn't be to fix the programs first, then talk about -- neil: how about put everything on the table, every single program, including defense be thtable. >> right. neil: see what you can do to address the growth. i don't even say cut, slow the growth. bill clinton able to do that, slow the growth and show the bond market that he was very serious about doing this. and it went a long way. >> donald trump might be the perfect president for that kind of negotiation. neil: you don't believe a word of that. >> you caught me. lying on national tv again. neil: donald trump perfect. you were twitching. >> because he doesn't want to cut entitlements, that is a promise he seems to -- >> but his budget shows -- >> medicaid cuts, social security disability insurance, et cetera.
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if someone comes to him, a meeting, committee talks about all of this, bring john mccain on, defense needs more than we want. pat toomey to say, you know what, we have a program in pennsylvania helps poor people pay for heating that can't be cut. something in the budget would be cut. neil: social security disability fund has grown beyond all -- >> we have to do smart reform. you can't just means test -- >> waiting august for tax reform for health care? how long do you think we'll wait for that? neil: where is this going? i was noticing hillary clinton was speaking at her alma mater, not one conservative walked out of the room. you would be surprised about this, but i want you to listen what she had to say. hillary clinton, moments ago. >> we were furious about the past presidential election. [laughter] of a man whose presidency would eventually end in disgrace with
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his impeachment for obstruction of justice, after firing the person running the investigation into him, at the department of justice. [shouting] neil: all right, so she was linking the nixon administration, with this administration. what do you think? >> sounds like she is still campaigning. neil: leading resistance. >> leading resistance. she put herself out there in that way. no kidding what she was saying. it was pretty clear. that goes too far, rancor continues even after rancorous election cycle. it won't end. neil: it is not stopping. >> it won't end. neil: that wellesley crowd stood up but wasn't one conservative walked out or through a spitball and anything. >> there were no conservatives in the room. >> i bet there were some moderates and some libertarians. we know i'm partial to hillary. i'm a seven it is gal myself. neil: who isn't? snap -- adam shapiro got harvard
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aides and commencement wear blacktop hetz and cut away coats for men. >> so fancy. neil: the least of harvard's issues. >> have a good holiday weekend. neil: thank you very, very, very much. i would have been all over that, adam. italian descent, that's what they do. now i know. more after this. break through your allergies. try new flonase sensimist allergy relief experience to help block six key inflammatory substances. most allergy pills only block one. new flonase sensimist changes everything.
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this is where i trade andrs. manage my portfolio. since i added futures, i have access to the oil markets and gold markets. okay. i'm plugged into equities- trade confirmed- iand i have global access 24/7. meaning i can do what i need to do, then i can focus on what i want to do. visit learnfuturestoday.com to see what adding futures can do for you. . neil: all right. amazon, alphabet, both racing.
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alphabet moving slightly ahead. an incredible run for stocks that have had the most impressive performance. perhaps of any within the technology world, of any world, over just the past six months. to trish regan to take you through the next hours, hey, trish. trish: so impressed the way alphabet rolls off your tongue, i'm getting used to it. neil: i hate it, it's a stupid name. they had a meeting on this, got to change it from google, it's alphabet. it's working. trish: good to see you. president trump is meeting with g7 leaders in sicily as he wraps up first foreign trip as commander in chief. trump is calling for greater cooperation between allies, tensions remain high between the united states and the uk after "the new york times" leaked information vital to the manchester bombing investigation. someone maybe several people are leaking within that administration, and it's

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